XRP could be on the verge of a significant breakout, with traders eyeing potential gains of up to 46% following Ripple’s acquisition of its first-ever Middle East regulatory license. The recent Dubai Financial Services Authority (DFSA) approval has injected fresh optimism into the market, positioning XRP for a bullish move in the coming weeks.
Since reaching a seven-year high of $3.40 on January 16, XRP has traded within a descending triangle pattern, a technical formation often preceding major price movements. After bouncing off key support at $2.00, the token has steadily climbed, forming a series of higher lows, indicating growing buying pressure.
Currently, XRP is testing resistance at $2.30, which aligns with the triangle’s upper trendline. If XRP successfully breaks and closes above this level, analysts predict a rally toward the $3.00 psychological resistance, where price congestion has previously led to pullbacks.
A decisive move beyond $3.00 could fuel further gains, pushing XRP toward $3.27 and ultimately retesting its multi-year high of $3.40—a move that would represent an increase of 30% to 46% from current levels.
Ripple’s Regulatory Milestone in Dubai
On March 13, 2025, Ripple announced it had secured regulatory approval from the Dubai Financial Services Authority (DFSA), becoming the first blockchain payments provider licensed in the Dubai International Financial Centre (DIFC).
This license enables Ripple to offer regulated crypto payment services across the United Arab Emirates (UAE), tapping into the country’s substantial remittance and international trade markets, valued at approximately $40 billion and $400 billion, respectively.
Brad Garlinghouse, Ripple’s CEO, highlighted the significance of this development, stating that the UAE’s proactive stance on technology and crypto innovation positions it advantageously in the evolving financial landscape.
Ripple’s strategic focus on the Middle East is evident, with its regional headquarters established in the DIFC since 2020 and around 20% of its global clientele operating within the region.
Legal Proceedings with the SEC Nearing Resolution
Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), initiated in 2020 over allegations of unregistered XRP sales, appears to be approaching a conclusion.
A pivotal ruling in July 2023 determined that XRP is not a security concerning retail sales, although Ripple was fined $125 million for institutional violations. Recent reports indicate that both parties may be considering dropping their appeals, with Ripple negotiating more favorable terms amid a perceived shift in SEC priorities under new leadership.
“Two well-placed sources tell me that the SEC vs.Ripple case is in the process of wrapping up and could be over soon. My understanding is that the delay in reaching an agreement is due to Ripple’s legal team negotiating more favorable terms regarding the August district court ruling,” Fox Business reporter Eleanor Terrett reported.
Quick Facts:
- Ripple has obtained regulatory approval from the Dubai Financial Services Authority, allowing it to offer regulated crypto payment services in the UAE.
- Following the announcement, XRP’s price increased by 6%, with technical analysis indicating potential gains of up to 46% if key resistance levels are surpassed.
- Ripple’s legal dispute with the SEC is reportedly nearing resolution, with both parties considering dropping appeals amid a shift in regulatory focus.
